Frisco Community Theatre Inc

Analysis

Frisco Community Theatre Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in May 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Frisco Community Theatre Inc reported income of $151k and spending of $144k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $84k to $151k (+79%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frisco Community Theatre Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Little League Baseball Inc ($151k), Art Deco Society of California ($151k) and Sandcastle Preschool ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.